Nautilus Biotechnology, Inc. · NASDAQ:NAUT
Nautilus Biotechnology — SPAC Merger (April 2021)
13 slides from Nautilus Biotechnology's SPAC merger presentation, Apr 7, 2021
Slide 1: Employee Option Presentation
Nautilus Biotechnology Confidential – Do Not Distribute EmployeeOption Presentation April 7, 2021
Slide 2: Not intended as tax advice
2 This presentation is not intended as tax advice. Any reference to tax treatment in this presentation is general and necessarily incomplete.Please consult your personal tax advisor. Nautilus Biotechnology Confidential – Do Not Distribute
Slide 3: Forward-Looking Statements
Nautilus Biotechnology Confidential – Do Not Distribute 3 Forward-Looking StatementsThis communication contains certain “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regard
Slide 4: What We Will Cover
4 What We Will Cover GLOSSARY OF TERMS WHAT HAPPENS TO OPTIONS IN THE MERGER? HOW MANY OPTIONS WILL I GET IN THE “NEW” NAUTILUS? EXAMPLE FREQUENTLY ASKED QUESTIONS NEXT STEPS Nautilus Biotechnology Confidential – Do Not Distribute
Slide 5: Glossary of Terms
5 Stock Option: the right to buy a specific number of shares of company stock at a pre-set price for a pre-set period of timeShares: a share of stock is a unit of ownership in a company. Investors who hold shares of a company are known as shareholdersStrike Price: the pre-set price that must be paid
Slide 6: What Happens to Options in the Merger?
6 What Happens to Options in the Merger? All vested options will automatically become vested options in “new” NautilusAll unvested options will automatically become unvested options in “new” NautilusThis automatic “rollover” of old options into new options generally is not taxableNo changes to vesti
Slide 7: How Many Options Will I Get in "New" Nautilus?
7 How Many Options Will I Get in“New” Nautilus? Your old options will be rolled over into options in “new” NautilusThe math is similar to the math that governs the exchange of old Nautilus shares for “new” Nautilus shares in the mergerYour “new” options are intended to approximate the same value tha
Slide 8: Options Example - Strike Price $20.00
Nautilus Biotechnology Confidential – Do Not Distribute 8 Options Example - Strike Price $20.00 My Stock Options @ $[20.00?] Old Options Conversion New Options (1) Options 1000 x 3.6275 3,627 Strike Price $20.00 ÷ 3.6275 $5.52 Total Option Strike Price $20,000 $20,021 (1) The number of shares subjec
Slide 9: Reminders
9 Shares (including shares you buy when you exercise options) cannot be traded until the lockup period ends, which is 180 days after the merger closesWe intend to adopt a public company insider trading policy in connection with the merger closing, which will include blackout periods, and any trade w
Slide 10: Frequently Asked Questions
Nautilus Biotechnology Confidential – Do Not Distribute 10 Frequently Asked Questions Q: Can I exercise my stock options now?A: Yes, if you would like to do so, to the extent your stock options are vested. However, in order to exercise your options, you must pay the strike price in cash, plus any ap
Slide 11: Frequently Asked Questions
Nautilus Biotechnology Confidential – Do Not Distribute 11 Frequently Asked Questions Q: What vesting terms will apply to my “new” Nautilus options?A: All vesting terms and conditions remain the same and your options will remain subject to the plan and award agreement under which the option was gran
Slide 12: Next Steps
12 Stay focused, deliver on our goalsAwait the close of the transactionDo NOT trade ARYA stockAs much as possible, we will update you along the way, including Lunch & LearnsWe are arranging educational sessions with outside financial consultants to support your planning Next Steps Nautilus Biotechno
Slide 13: Thank You
Thank You Nautilus Biotechnology Confidential – Do Not Distribute